Internal Trade Test

Result

Internal Trade Test - 16

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Weekly Quiz Competition

Question 1
1 / -0

Name some chambers or association that are the national guardians of trade, commerce and industry?

A
Chamber of Commerce and Industry

B
ASSOCHAM

C
Confederation of Indian Industry

D
All of the above

Solution

The Chambers of Commerce and Industry was formed as an association of business and industrial houses to promote and protect their common interest and goals. Many such chambers were formed and are present in the country. For example, ASSOCHAM, Confederation of Indian Industry (CII), and Federation of Indian Chambers of Commerce and Industry (FICCI). These associations or chambers regard themselves as the national guardians of trade, commerce and industry.
Question 2
1 / -0

What are the main characteristics of Super markets?

A
They have wide variety and assortment.

B
Self-Service

C
Heavy emphasis on merchandising appeal.

D
All of the above

Solution

Characteristics of Supermarket
(i) They are located in the main shopping centres of an area with adequate parking facilities.
(ii) They function on cash-and-carry lines and offer no credit.
(iii) There are no selling counters or selling assistants to help the customers.
(iv) They stock a very wide range of food and non-food products, particularly meat products, dairy products, tinned food, bakery items, vegetables and other household products.
(v) They are large retail organisations and are a useful channel of distribution.
(vi) They have low sales overheads since no salesmen are employed.
(vii) The products stored in a super market are properly packed and placed on separate racks in order to facilitate purchasing by the buyer.
(viii) It is one of the leading methods of retailing in the USA.
(ix) They use mass displays of goods, have low prices and operate on self-service basis.
(x) The buyer is completely at ease while buying as there is no undue sales pressure by counter salesmen.
Question 3
1 / -0

What are the projects that Chamber of Commerce needs to take for smooth trade?

A
Marketing Projects

B
Financial Projects

C
Investment Projects

D
All of the above

Solution

Investment Project - An investment project is a detailed proposal of an expenditure of liquid resources, with the objective of taking actions that will lead to future profits. - An investment project is made before the investment itself.
Question 4
1 / -0

State the areas in agro products related issues where FICCI needs to intervene.

A
Streamlining of local subsidies.

B
Marketing of agricultural products.

C
Both A and B

D
None of these.

Solution

The Federation of Indian Chambers of Commerce and Industry is an association of business organisations in India. Established in 1927, on the advice of Mahatma Gandhi by GD Birla and Purushottam Das Thakurdas, it is the largest, oldest and the apex business organisation in India.
Question 5
1 / -0

Write down the full form of FICCI.

A
Federation of Indian Chamber of Companies and Industry

B
Federation of Indian Chamber of Commerce and Industry

C
Federation of International Chamber of Commerce and Industry

D
None of these

Solution

The Federation of Indian Chambers of Commerce and Industry is an association of business organisations in India. Established in 1927, on the advice of Mahatma Gandhi by GD Birla and Purushottam Das Thakurdas, it is the largest, oldest and the apex business organisation in India.
Question 6
1 / -0

A simple and flexible_____________ is helpful in running industries, maximizing production and generating employment.

A
marketing faciities

B
labour legislation

C
industrial rules

D
All of the above

Solution

Labour legislation is widely used both to regulate individual employment relationships and to establish the framework within which workers and employers can determine their own relations on a collective basis, for example through collective bargaining between trade unions and employers or employers' organizations
Question 7
1 / -0

Name the infrastructural facilities that play a catalytic role in promoting trade.

A
Road

B
Port

C
Electricity

D
All of these

Solution

Catalyst trading is one of many tools used to “crack the code” of profitable stock market endeavors. The most basic aspect of catalyst trading is to foresee coming “hype” within a stock or industry, buy in advance, and sell into the exponential rise.
association, is an organization founded and funded by businesses that operate in a specific industry. An industry trade association participates in public relations activities such as advertising, education, political donations, lobbying and publishing, but its focus is collaboration between companies.
Question 8
1 / -0

World Trade Organisation (WTO) helped in_________.

A
privatization

B
Cross border trade

C
Helped in providing political stability for companies who are doing international business

D
All the above.

Solution

WTO set and enforce rules for international trade, It provided a forum for negotiating and monitoring further trade liberalization, It helps international business to resolve trade disputes. I.e. WTO helped in cross border trade.
Question 9
1 / -0

In which year FICCI was established in India?

A
1972

B
1965

C
1947

D
1975

Solution

The Federation of Indian Chambers of Commerce and Industry is an association of business organisations in India. Established in 1927, on the advice of Mahatma Gandhi by GD Birla and Purushottam Das Thakurdas, it is the largest, oldest and the apex business organisation in India.
Question 10
1 / -0

What is the meaning of Octroi?

A
Tax collected on the goods and from the people entering the state or municipal limits.

B
Tax collected from the customers present in the market.

C
Tax levied on the goods in the market.

D
None of these

Solution

Octroi, tax levied by a local political unit, normally the commune or municipal authority, on certain categories of goods as they enter the area.

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Internal Trade Test - 16

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Internal Trade Test - 16

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SHARING IS CARING

Question 1

Chamber of Commerce and Industry

ASSOCHAM

Confederation of Indian Industry

All of the above

Solution

Question 2

They have wide variety and assortment.

Self-Service

Heavy emphasis on merchandising appeal.

All of the above

Solution

Characteristics of Supermarket

Question 3

Marketing Projects

Financial Projects

Investment Projects

All of the above

Solution

Question 4

Streamlining of local subsidies.

Marketing of agricultural products.

Both A and B

None of these.

Solution

Question 5

Federation of Indian Chamber of Companies and Industry

Federation of Indian Chamber of Commerce and Industry

Federation of International Chamber of Commerce and Industry

None of these

Solution

Question 6

marketing faciities

labour legislation

industrial rules

All of the above

Solution

Question 7

Road

Port

Electricity

All of these

Solution

Question 8

privatization

Cross border trade

Helped in providing political stability for companies who are doing international business

All the above.

Solution

Question 9

1972

1965

1947

1975

Solution

Question 10

Tax collected on the goods and from the people entering the state or municipal limits.

Tax collected from the customers present in the market.

Tax levied on the goods in the market.

None of these

Solution

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